Ill. Lawyer Wins Appeal In NY Trial Of $2.4B Fraud

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January 9, 2012 9:54PM (UTC)

NEW YORK (AP) — A federal appeals court in New York has ordered a new trial for a Chicago lawyer sentenced to seven years in prison in a $2.4 billion fraud at Refco Inc.

The 2nd U.S. Circuit Court of Appeals on Monday overturned the conviction of Joseph P. Collins.

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A three-judge panel says the trial judge erred when he failed to disclose the contents of a jury note. It says he also didn't include lawyers when he spoke with a juror accused of trying to barter his vote.

The lawyer from Winnetka, Ill., was convicted in 2009 of conspiracy and other charges.